Two Port Cities Decide
Expansion Isn't Worth It

It's tough to say no to infrastructure expansion. Which is why it might be hard to believe what's happening at two of Florida's ports.

Despite evidence that the state's international trade volume is growing by double-digit percentages annually and that the cruise-ship industry is churning out huge new vessels as if they were bath toys, port officials in Pensacola and Fort Pierce are retreating from their expansion plans. The conservative course is being taken despite a state bond sale that has made about $222 million...